Nanotechnologies for Textiles - Already an $11 Billion Market

LONDON--(BUSINESS WIRE)--April 24, 2006--Cientifica, the world's leading independent supplier of nanotechnology research and technology information, today released a report "Nanotechnologies for the Textiles Market" which reveals that textile applications of nanotechnologies are already a US$ 11 billion market, and will increase by a factor of ten by 2012.

The report is the world's most comprehensive analysis of the impact of nanotechnologies to the textile industry, and draws on the views of experts from such major textile producing nations as China, India, Pakistan and Indonesia, in addition to the major markets of Europe, North America and Japan.

“Global competition and increasingly demanding and affluent consumers are driving the adoption of nanotechnologies at an ever increasing pace. The textile industry is poised to be the first sector to experience a major impact from nanotechnologies.”

Containing over 70 tables and figures, "Nanotechnologies for the Textiles Market" covers apparel, home textiles, medical textiles, military textiles, sports textiles and other technical textiles. The report gives a comprehensive analysis of all current and projected applications of nanotechnologies to the textile industry, with full cost benefit and pricing analysis, market forecasts, timelines, and company details for each of the six sectors.

The report reveals that:

-- The market for textiles making use of nanotechnologies will reach US $13.6 billion by 2007, and expand to US $115 billion by 2012

-- The value of nanomaterials supplied to the textile industry will reach US $8.6 billion by 2012

-- Clothing textiles will still make up the largest share of the total textile market although sports/outdoor textiles and non-conventional technical textiles will exhibit far higher growth rates.

-- Nanotechnologies will provide incremental improvements to existing textile sectors, but offer the highest growth in the non-traditional sectors

Helen Yu, senior analyst at Cientifica commented, "Global competition and increasingly demanding and affluent consumers are driving the adoption of nanotechnologies at an ever increasing pace. The textile industry is poised to be the first sector to experience a major impact from nanotechnologies."

Cientifica is the world's leading independent supplier of research and technology information, with activities spanning from basic research through scientific networks to consultancy, business intelligence and investment appraisals. With offices and representatives around the globe, Cientifica is the number one choice of anyone looking to see the big picture about technology.